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, president obama is poised to nominate as the next treasury secretary a man who brings his lunch to work every day, a cheese sandwich and apple to be precise, president obama will reportedly tap jack lew tomorrow to replace timothy geithner. lew would take over on the eve of another debt ceiling battle. in round one during the summer of 2011, boehner's top staffer called lew's debt ceiling negotiations disrespectful and dismissive. according to david plouffe, that is because jack knows the numbers and republicans couldn't pull a fast one. two names are being floated to replace lew, dennis mcdonagh, currently his deputy national security adviser and ron klain. but the latest cabinet nomination is, surprise, creating consternation among who else, congressional republicans. after calling chuck hagen an in-your-face nomination outside of the mainstream, the pugnacious gop has already made known its displeasure with jack lew, calling his nomination controversial, a mistake, and worst of all, irritating. according to senator mike johanns of nebraska, i just think there are economic policies in
of the day. here's hari sreenivasan. >> sreenivasan: president obama is ready to name a new treasury secretary-- his own chief of staff, jack lew. it was widely reported today that the announcement will come tomorrow. lew played a key role in the recent fiscal cliff negotiations with congress, and he previously headed the office of management and budget. if confirmed by the senate, lew would replace timothy geithner who's stepping down later this month. labor secretary hilda solis submitted her resignation today, after four years on the job. she made the decision public in an e-mail message. labor unions have praised solis for aggressively enforcing wage laws and job safety. business groups have complained she refused to take a more cooperative approach. american international group will not join a shareholder lawsuit over its federal bailout. a.i.g.'s directors said today they were legally obligated to consider taking part, but they opted against it. the company had faced mounting criticism since news of the suit broke. the 2008 rescue of a.i.g. cost $182 billion-- the largest of th
stocks were among the biggest losers. gold rallied, while oil flatlined. president obama is expected to soon name his next treasury secretary. white house chief of staff jack lew is said to be high on the list. the irs will accept 2012 tax returns starting january 30th, 8 days later than planned due to tax law changes in the fiscal cliff bill. now for an early look at how alcoa's earnings could affect today's trading. larry shover of sfg alternatives joins us. and what do you think here larry? > > yesterday's number was good. most people weren't expecting them to beat on revenue. but they beat by quite a bit. people were maybe thinking earnings per share, that could be better. but that is a good thing for the market, a good thing for the materials sector. i think it is going to give a lot of confidence going forward. > the stock market pulled back yesterday. should investors be concerned about that, or is it just one of those things that has to happen here? > > let's look at what happened. we had a gigantic rally january 2nd. right now we are just digesting and consolidating those ga
in the 2010 disaster. >>> president obama is expected to nominate his white house chief of staff as the next u.s. treasury secretary. jack lew has extensive public and private sector experience including budget director for presidents obama and bill clinton. he's also known for his thorough knowledge of the federal budget. an announcement is possible before the end of the week. >>> stip college of san francisco is hoping for a deadline extension to maintain its accreditation. the school has until march 15th to come up with a plan to fix financial problems. but officials say there are some issues that will require more time to work through. the school has already made several changes, including the hiring of more experienced leaders and improving its budget management. >>> today, san jose planners will decide if the location of a newly approved charter school plan fits with city goals. council members gave their approval yesterday for the rocket ship education charter element school on lick avenue. it would also provide a park and a playground for the area. some residents are opposed to the pla
offered for free for teachers and staff who already have a concealed weapons permit. >> president obama is expected to announce jack lew as his choice to be the next treasury secretary. there is no word officially on the appointment yet, but sources say the president will likely nominate him as early as tomorrow. he has exper both the public and private sector and is the current white house chief of staff. >> hillary clinton is speaking out for the first time since returning to work this week. today she talked about her plans for the time she has left in office. >> i am very much looking forward to doing everything we can the last few weeks to resolve and finish up wherever possible and then to have a very smooth, seamless transition to senator kerry to continue the work. >> secretary clinton was released from a new york hospital last week after treatment for a blood clot. she suffered a concussion after a fall in early december. labor secretary hilda solis announced that she will not be staying on for another four years. she announced her resignation to president obama just this aftern
this -- hilda solis is resigning. this at the time that president obama has picked jack lew to replace tim geithner as treasury secretary. whoever runs the jaret -- the treasury has a critical job. so far, 2013 has been marked by fighting over the fiscal could. but americans say they are looking for solutions, decisions. we have the ceo of accounting giant duch joining me from -- deloit joining me from new york. what would your message be to the new secretary, jack lew? >> my message to jack, as well as what novartis said to the president is to get on to -- what i have already said to the president is to get on with solving the fiscal cliff issue. there are some big deadline's coming up in march between sequestration and the budget resolution as well as the bigger issue around the debt ceiling. and then we need to get to the longer-term issues in terms of where america is going, and that starts with tax reform as well as immigration issues and infrastructure issues. >> i hear the same message from business people across the country. we need more certainty from washington if we're going to
as the debt ceiling fight is heateding up, we're getting a new treasury secretary. tomorrow president obama expected to nominate white house chief of staff jack lew to replace tim geithner. will that a make a deal on the debt easier or tougher? >> and constellation brands raising its estimates. the stock is one of the s&p's top performers of the year. not getting much of a bood boost at all though. will this push the adult beverage company even higher? don't miss our exclusive with the company's ceo, rob sands. that's coming up. >> and aig's board declining to join a controversial shareholder lawsuit against the government over the $1 will 2 billion bailout of the company. i'll get the inside story from the ceo of the company, bob benmosche joining me here exclusively in the 4:00 hour of the "closing bell." back in a moment. curb... make you a target for thieves? or that dog bites account for a third of all home liability claims? what if you didn't know that one in seven drivers is uninsured? and that grease fires have to be smothered? the more you know, the better you can plan for whats ah
chief of staff is expected to replace treasury secretary tim geithner. white house officials have not confirmed it but sources are saying that president obama will choose this man, jack lou, to lead the treasury department. an announcement could come by the end of the week. he previously led the office of management and budget and oversaw international economic issues at the state department. >>> more details are coming in now about the presidential inauguration. the inaugural poet is richard blanco. he's the gay son of cuban american exiles whose work explores his family's experiences and in a new country. the inauguration is monday january 21st. [ singing ] mesh, america. >> she's got that song down, doesn't she? beyonce is so good. the presidential inaugural committee announced a super star performance list for the ceremony. this beautiful woman, beyonce, will sing the national anthem. kellie clarkson is going to perform "my country 'tiz of thee" and james taylor will sing "america the beautiful." >> going to be great. >> a-listers for sure. >> indeed. >>> coming up, the nation
and the end of the second amendment? we take that up next. >> president obama's second term cabinet rounding into shape, treasury secretary geithner is next up. he should be his replacement? ubs chief economist tells us. we will be talking markets and the economy. the president puts vice-president in charge of rounding up guns. the comprehensive gun control mean controlling all guns? the "a-team" with this next. ♪ the boys use capital one venture miles for their annual football trip. that's double miles you can actually use. tragically, their ddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually use. [ cheering ] any flight, anytime. the scoreboard doesn't lie. what's in your wallet? hut! i have me on my fantasy team. chess ♪ lou: the obama administration push for more gun control intensifying. the washington post reports the administration looking to go well beyond the simple reinstatement of the inspired ban on assault weapons and i capacity ammunition. vice-president biden task
'll take it. ashley: president obama set to nominate we've of white house staff jack lew as treasury secretary. if confirmed he will have to jump into the debt ceiling debate. that will be trial by fire, isn't it? rich edson is live at the white house. >> this is the reason why he is selected. he has really been a budget person here in washington for the past 30 years. he was budget chief under the clinton white house and obama white house. he has been in all the particular budget fights especially next to president obama with the debt ceiling year-and-a-half ago in most recent recent round. according to folks early in the week telling us at fox we would get announcement by the end of this week that jack lew would likely be the next treasury secretary pick from president obama. we don't have much week left. on friday the president of afghanistan, hamid karzai is expected to be here at the white house. that has us all looking at tomorrow as the official date for this. the reasoning behind that, yes, he has been in on all of the budget fights. he spent all of last few years really of h
? >> reporter: that's right. the treasury department, as you know, timothy geithner, has said that he would be leaving around inauguration time. now my colleague, gloria borger, saying that president obama will be nominating jack lew as treasury secretary and that that announcement is expected sometime this week. this had been widely expected, jack lew, who has worked in a couple of administrations as the budget chief. he also worked on wall street. we've done some reporting on concerns about his experience not only from those on wall street but also some progressive groups. nonetheless, the president expected to nominate someone who he has talked about as a trusted confidante, someone who has worked very hard in trying to right the ailing economy. according to this source, the president expected to nominate him to be the next treasury secretary, and that announcement expected sometime this week. >> all right. well, thank you for that, dan. and nice quick work, i might add as well. and by the way, for our audience who might not know a lot about jack lew, the white house chief of staff, ther
vote early, vote often. >>> tomorrow president obama set to nominate jack lew to be the next treasury secretary. so far, the only huge controversy surrounding the two-time head of omb is his signature, which is compared to a 6-year-old let loose with a crayon. if lew is confirmed, that signature goes right on the money. >>> baseball fans know it well. it's the call of the bullpen and it may never be the same. t-mobile handing out samsung galaxy smartphones to major league teams to replace the handset and the cord. and since the call to the bullpen itself is sponsored these days, and seemingly everything in baseball is sponsored these days, they couldn't pass up this opportunity to step boldly into the cordless future. >>> finally, the headline on the forbes website is scary. it reads, doom'day aster aid bigger than expected. they're talking about a football-field sized astroid called 9942 opofhus, and while it will pass by tonight, when it comes back in the year 2029, it will pass so close, just over 30,000 miles, it's going to be visible in broad daylight. >>> we're back after a brea
, paula, thank you. >>> president obama announce his pick to replace tim geithner at the treasury department. how jack lew's influence will impact your wallet. ali velshi has some thoughts. we'll chat next. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra tim
and the new york stock exchange. >> kristen and eric good morning. president obama we just learned is expected to name jack lew as treasury secretary tomorrow. we will talk about that. if you looking for bargains, target has gift wrap, and children's, and women's apparel is marked down on tuesday, and wednesday, men's apparel and health and beauty are marked down and toys. researchers say the best deals are usually at the edges of the stores not in the middle of the target store. >> possible tension between the white house and walmart over gun control. walmart is taking a pass on an invitation by the white house to sit down with biden and talk about the issue. stocks look like this, a little bit higher as we get good earnings from alcoa and the silicon valley index is just a sight bit lower. >> thank you. this we go to weather. mike? >> we will talk about what is going on, we will start with an outside shot, beautiful colors there and the fog is why we have the dense fog advisory in the east bay and north bay valley from our east bay hills camera. a beautiful picture there. live doppler 7 hd s
a little later this hour live on the show. >>> still ahead, president obama announced his pick to replace tim geithner at the treasury department. how jack lew's influence will impact your wallet. >>> plus, lance armstrong, heading to oprah. but will he confess to doping? my next guest calls it ridiculous. don't miss it. aww man. [ male announcer ] returns are easy with free pickup from the u.s. postal service. we'll even drop off boxes if you need them. visit usps.com pay, print, and have it picked up for free. any time of year. ♪ nice sweater. thank you. ♪ and save hundreds with our best offer. get an adt security system starting at just $49 installed, but for a limited time only. that's an instant savings of $250. don't leave your family's safety to chance when you can take advantage of these savings now. call or visit adt.com/tv. both: i had a break-in. man: by the time we called the police, there wasn't much they could do. i felt so helpless. adt quickly called the police. i felt like it was over right away. feels like it's still not over. we lost our digital photos, financial re
to increasing taxes on wealthier americans. so this is someone who president obama has a very good working relationship with. and, of course, this is a key moment. it's a critical moment to take over the spot as treasury secretary. because there are three big budget matters looming. of course, they're going to have to deal with the debt ceiling, the fiscal cliff and the all in the comes months. >> kristen, we look at the optics of this, the inner circle being all white men. what is the tone in washington especially since was the obama coalition that got obama in for a second term? >> well, look, the white house is kernel getting criticism over this issue, especially from women's advocacy groups who are saying there aren't enough women in the top positions at the white house. the white house playing defense on this issue. jed jay carney asked about this saying that diversity is an important issue for the president but he's also choosing especially in these top spots, the people he believes he will work best with, best for the job. there are also reports 0 out that 43% of the appointees here
weapons in the country. >>> another cabinet shake-up in the white house. president obama is expected to name chief of staff jack lou to be the next's next finance chief. the president may make it official by tomorrow. if approved, lou would be the second treasury secretary during his administration. he would replace timothy geithner. lou was a former budget director for president obama and president clinton. >>> for the second time in four decades, now new members will be inducted into major league baseball's hall of fame. among the players up for first ballot star-crossed giants slugger, of course, barry bonds. he only received 36% of the vote from the baseball writers association of america. cy young pitcher roger clemens got 38%. sammy sosa was denied. he only got 12%. all three players were linked to steroids during the storied careers. >>> more than just a sugar rush. still to come, the link between sweet drinks and depression. >> not only nobody came but nobody even bothered to call me. >> well, we have all been there waiting for hours fo
to start seeing this skwigle on your dollar bills? there it is. well, we learned today that president obama will nominate white house chief of staff jack lew as the new treasury secretary. and his signature will appear on every bill in our wallets. but when we looked up that signature, there it is. one person described it as a slinky that lost its spring. lew says if confirmed, he'll try to improve his penmanship. >>> and, what is your monopoly identity? do you go for the dog, the hat, the thimble? today, monopoly announced they'll retire one of those tokens. and we, together, get to choose which one. so, you can vote online. the betting pros, by the way, say the wheelbarrow is the most likely to go. you can also vote for a new token, either a cat, a robot, a helicopter, a guitar or a diamond ring. i like the wheelbarrow. oh well. if you see something out there for our "instant index," be sure to tweet it to me, @dianesawyer. >>> and, coming up next here, we saw her take home gold in london. so, why was missy franklin so nervous for a high school swim meet? hi, i just switched jobs, and i w
obama making another cabinet pick. the president will nominate white house chief of staff jack lew to replace timothy geithner as treasury secretary. tell us about jack lew. >> jack lew is the chief of staff known as a tough negotiator, someone who the president has complete trust in. in fact, when he was announced as the white house chief of staff the president talked about the trust that he had in him, talked about how he had taken a part in helping to right the ailing economy. this is also someone who has worked in a couple of administrations as the budget chief in this administration and the clinton administration and helped to cut the 1997 balanced budget deal. so the white house sees him as someone with a lot of experience, ready to take on some of the big challenges over the treasury department as we are facing the so-called mini cliffs, the big one, the debt ceiling, something he will have to deal with right away. >> when is the formal announcement of the nomination expected and another partisan fight down the road? >> very well could be. we have been trying to nail it down
that president obama may nominate his chief of staff jack lou to replace the treasury secretary tim geithner any day now. a key republican is already predicting a confirmation fight which could come in the middle of the battle over raising the nation's debt limit. one study predicts we could run out of money to pay all the bills about a month from now. mike emanuel is live at the white house tonight. mike, what's the thinking about why the president would choose luke? >> well, jack lew a favorite of president obama because he has serious knowledge of the federal budgets. he has a no drama style. he has been serving this president in a very high profile capacity since president obama took office as white house chief of staff and before that as the director of the office of management and budget. lew has served as director of those two big jobs. bottom line is we are told that he is well-trusted well regarded here at the white house, shep? >> probably not a household name everywhere but well known in washington, jack lew. >> no question about that certainly with those two high profile jobs here at
that will be announced on monday. >> pelley: michelle, thank you. we learned today that president obama will nominate his chief of staff, jack lew, to be the new secretary of the treasury. he will be a key player in the coming battles over the budget and raising the federal debt limit. lew previously served as budget director and he was an executive with the banking giant citigroup. now, any idea what this is? you could be seeing a lot of it. it is jack lew's signature which would appear on the bills in your pocket just like that unless he takes a penmanship lesson from tim geithner whose signature looked like this until he became treasury secretary and made it legible. secretary of state hillary clinton told reporters today that she is thrilled to be back at work but she said it is better sweet because she will soon be stepping down. the secretary said she wouldn't call it retirement, just stepping off the very fast track for a little while. we'll tell you why some of baseball's biggest stars didn't make the hall of fame today. an interview on the lance armstrong investigation is making news. did the cy
it with family and close friends and president obama is expected to name white house chief of staff jack lew as treasury secretary tomorrow. >>> secretary of state hillary clinton says she is thrilled to be back on the job. clinton made her first public comments today since her health scare. she was hospitalized for several weeks for a concussion and blood clot. >> it doesn't mean she is retiring but only stepping off the fast track for a moment. >>> quite a temperature shift today. to the north, a chilly afternoon. to the south, much warmer. kammerer, what's going on out there? >> quite amazing out there, jim. some areas in the low 40s today. others in the low 60s. all depends on where you live. north and west, much colder. south and east, much warmer. all because of our frontal boundary. that front moving through the region, everybody saw at least some clouds during the day today, showers came across the region. look at these numbers, 67 around richmond, but 49 in hagerstown. a huge temperature swing and even bigger swing when you look at our immediate area. what are we seeing out there no
. this at the time that president obama has picked jack lew to replace tim geithner as treasury secretary. whoever runs the jaret -- the treasury has a critical job. so far 2013 has been marked by fighting over the fiscal could. but americans say they are looking for solutions decisions. we have the ceo of accounting giant duch joining me from -- deloit joining me from new york. what would your message be to the new secretary, jack lew? >> my message to jack, as well as what novartis said to the president is to get on to -- what i have already said to the president is to get on with solving the fiscal cliff issue. there are some big deadline's coming up in march between sequestration and the budget resolution as well as the bigger issue around the debt ceiling. and then we need to get to the longer-term issues in terms of where america is going, and that starts with tax reform as well as immigration issues and infrastructure issues. >> i hear the same message from business people across the country. we need more certainty from washington if we're going to kick start growth in this economy. is wash
of the obama administration. >> are you saying you want to say debt ceiling, maybe set that aside and focus more on the other two? >> i'm saying the treasury has more than enough tax receipts every month to pay the interest on our sovereign debt. so there's nobody but barack obama who's talking about a default on our sovereign debt. we can prioritize payments on a monthly basis to ensure there's no default. then we can have the hard negotiations necessary to get spending back under control. >> you are saying, hey, don't raise the debt ceiling. make treasury -- >> unless there's real spending cuts, unless there's real structural reform -- >> even though this is about previous spending? you were a business consultant. it is hard to sit there looking backwards. this is money that's already been promised. >> we can cover the interest payments on that previous spending. what barack obama wants is more spending going forward in the future. and, frankly, he doesn't have much credibility on this. the senate voted four times when he was in the senate to raise the debt ceiling. he voted against it on
nomination of the white house chief of staff jack lew to treasury secretary shows president obama has no intention following through on cuts. here is charles krauthamer on this last night. >> he is not interested in spending cuts. he is not interested in reform. he wants to defend the entitlement state. he wants to defend obamacare. even add on to it. he calls it investments. of course normal people would call it spending. and lew is the guy you want if you want to hold the fort what i call reactionary liberalism. you have the great achievements of the last century in building an entitlement state. he is the guy who would defend the for the. martha: great achievement in building entitlement society. says charles krauthamer. we have marjorie clifton and braid blakeman. good to have you both of us with us. >> thank you. martha: here is the fight. and my question for you, brad, how specific, how should republicans handle this? how, you should they do a big p.r. campaign and say these are the specific things we want to cut, mr. the president and you give us good argument not to do it? >>
. [applause] [inaudible conversations] .. reporting who the white house chief of staff is president obama strikes to replace tim geithner as treasury secretary. that could come as early as tomorrow. this as the president continues to develop his team for the second term. the announcement is likely also to be a topic of reporters questions this afternoon during today's white house briefing jay carney will brief media members at 145. you can see that on c-span2. it's about this time of the year state governor's offer their state of state addresses. c-span will bring several and beginning at noon eastern. >>> to this year marks the 100th anniversary of richard nixon's dearth. join us tonight for any event if you ask how many are self identified libertarians, depending on which poll you look at you might be getting between ten to 15%. if you ask questions like if you give people a battery of questions about different ideological things like to you believe in x and y and track those to different ideologies than depending which pull your looking at you get maybe it to 30% of americans calling t
president obama will nominate white house chief of staff tomorrow as the new treasury secretary. dennis: rich edson joining us now from inside the beltway has the latest. >> we have reported announcement coming this week. meeting at the white house friday, no events planned for this afternoon leaves tomorrow is most likely for the official announcement. a source familiar with the process tells fox the reason is jack lew has that the president cited decided a major budget fis with republicans on the debt ceiling and recently somewhat perverted fiscal cliff, also budget director under president bill clinton and obama known as someone with a very deep knowledge of budgeting. before joining the obama administration, he was a chief f operating officer at the citigroup alternative investments unit reported lost money to do that, although it earned profits from betting against the subprime mortgage market and will be if the fed to confirm him in one predicts very contentious process. >> it is a bumpy confirmation process. many people have no secure treasury will tell them the truth both of fin
department. >> i'm not sure why you are discounting the fact that jack lu can call up president obama and get him to pay attention to stuff that he cares about. >> we have a financial criticize are we going to turn to jack lu? >> every treasury secretary has the ear of the president. >> now, to the stunner story of the day, yet another mishap for boeing 787 dream liner and it happened again in boston. let's get the latest from necn, alicia, thank you very much. >> reporter: this is your pricing to have this happen two days in a row. the same airline, the same flight number and same origin and destination. but two different planes and two different problems. the 787 was taxiing out on the runway when some of the fuel spilled out of the tank. a pilot contacted officials they rushed out there and were able to contain the fuel spill. in all, officials tell us 40 gallons of fuel spilled onto the rain way. now that plane, because of the plane was towed back to the gate. the passengers and crew deplaned from there. 180 people. mechanics determined that the problem was most likely that the plane was
of the cabinet, president obama will nominate white house chief of staff, jack lew, for treasury secretary, with an announcement expected this week. that's according to a source with knowledge of the nomination. the 57-year-old would replace timothy geithner, the last remaining player on the president's original economic team. change is in the air, it sure is. now, not least among the treasury secretary's duties, signing our currency. take a look at this. but it seems handwriting is not one of jack lew's strengths. at least when it comes to his signature. do you see those loopty loops there. this is how his current signature was look on the dollar bill, a series of loops that apparently spell jack lew or maybe jacob lew, that's his real name. but that's unlikely to make the cut. the current treasury secretary, timothy geithner, revealed that he had to change his signature when he joined the cabinet. he was also loopy swirl, which he refined to this stately and legible version, which may be in your wallet right now. that is quite a signature. i don't want to throw my father under the bus, b
a memorable. >> new reports are servicing this morning that president obama will nominate white house chief of staff jack lew to be treasury secretary. current treasury secretary timothy geither is expected to leave his position at the end of the month. the nomination could come as soon as thursday. >> the dow was just crossing the 13,400 mark and we will be back i200 and and two minutes. look at you guys with your fancy-schmancy u-verse high speed internet. you know, in my day you couldn't just start streaming six ways to sunday. you'd get knocked off. and sometimes, it took a minute to download a song. that's sixty seconds, for crying out loud. we know how long a minute is! sitting, waiting for an album to download. i still have back problems. you're only 14 and a half. he doesn't have back problems. you kids have got it too good if you ask me. [ male announcer ] now u-verse high speed internet has more speed options, reliability and ways to connect. rethink possible. avoid bad.fats. don't go over 2000... 1200 calories a day. carbs are bad. carbs are good. the story keeps changing. so i'm
efforts and the shooting. meanwhile, president obama at the white house. associated press and that the pick to run the treasury department with an announcement before the end of the week. they said white house officials would not confirm that until a final decision has been made, but aids did not dispute that jack lew is the choice. there are reports there will be a joint news conference as well. meanwhile, joe biden, the first of two meetings with victims' groups and gun safety organizations. the attorney general also at today's meetings. they're expected to meet with the national rifle association, walmart, and other groups. vice president biden has some comments for reporters. >> on behalf of the attorney general and the president and i, thank you for taking the time. this is important work. we have a lot of work to be done and i know that several of you around the table have lost loved ones or have been the victims of gun violence yourself. now, it has been almost four weeks now since the tragedy in connecticut. i have been doing this a long time. of all the tragic eve
this morning bloomberg is reporting that president obama plans to nominate white house chief of staff jack lew as his next treasury secretary. he would be replacing timothy geithner who has made it clear he plans to step down by the end of january. lew twice has been the director of the office -- excuse me, the office of management and budget. did his bit on wall street as managing director of citigroup. easier to be than say apparently. if selected and confirmed lew has the task of taking on raising the debt ceiling. we're back after the break. commercials? those types are coming on to me all the time now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar. >>and the best part is that current will let me say anything. what the hell were they thinking? >> announcer: ladies and gentlemen, it's "the stephanie miller show." ♪ i'm walkin' on sunshine ♪ ♪ i'm walkin' on sunshine ♪
says that president obama will name jack liu, his white house chief of staff, as treasury secretary, as early as tomorrow. a lot of speculation about this, and about the timing. secretary geithner has said he would leave around the inauguration. we're about ten days away right now. so this is going to happen as early as tomorrow. don't know yet on a decision about chief of staff. there's a lot of speculation about ron claims, the former chief of staff to vice president biden. also dennis mcdocdoneo. some talked about tom daschle. but don't know about a decision on chief of staff yet. >> john, thank you for that. good piece of news there. john harward in washington. for some reaction on that, let's go to sheila bair who joins us this morning from washington. good to see you back. welcome. >> thanks for having me. >> people had illusions that lew was a front-runner. i can't imagine you're surprised. >> no. >> it's said he's highly partisan, tip o'neil's office, and exposure to banks with his experience at citi. can he get approved? >> well, i don't know. it's difficult to get nominees
obama can get around the debt ceiling by minting a trillion dollar coin and depositing it into the treasury. it does seem wacky by many people, but some are taking it seriously, including republicans who have introduced legislation to prevent this from happening. but i would like to bring perspective to the 1 trillion-dollar debate. there was a similar idea tried a few years ago on the simpsons. it didn't go well. take a look. >> the one-time printing of the largest denomination currency ever, 1 trillion-dollar bill. >> may i see? >> see with your eyes, not with your hand. >> please, we're amigos here. >> mr. burns i think we can trust the president of cuba. >> now give it back. >> give what back. >> oh. >> jennifer: if we do mint the 1 trillion-dollar county let's make sure that our cartoon billionaires do not lose it. we'll be right alright, in 15 minutes we're going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party
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